Cadre Holdings, Inc. (NYSE:CDRE) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Cadre Holdings has a “Moderate Buy” consensus rating from nine analysts: six recommend buying, two rate it a hold, and one issues a strong buy. The average 12-month price target is $45, compared with a recent share price of $30.81.
• Cadre exceeded quarterly expectations, reporting earnings per share of $0.26 versus the $0.22 consensus and revenue of $207.13 million versus $178.29 million expected.
• CEO Warren B. Kanders sold 100,000 shares for approximately $3.34 million, while institutional ownership stands at 43.95%; the company also pays a quarterly dividend of $0.10, yielding about 1.3% annually.

Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report) has received an average rating of "Moderate Buy" from the nine ratings firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $45.00.

Several brokerages have recently weighed in on CDRE. Weiss Ratings reiterated a "hold (c)" rating on shares of Cadre in a research report on Monday, August 17th. JPMorgan Chase & Co. lifted their price objective on Cadre from $40.00 to $45.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. UBS Group set a $43.00 price target on Cadre in a research report on Monday, August 10th. Roth Capital reaffirmed a "buy" rating and issued a $43.00 price target (up from $40.00) on shares of Cadre in a research note on Monday, August 10th. Finally, Wall Street Zen raised Cadre from a "hold" rating to a "buy" rating in a report on Saturday, August 8th.

Insider Activity

In other news, CEO Warren B. Kanders sold 100,000 shares of the company's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $33.36, for a total transaction of $3,336,000.00. Following the completion of the sale, the chief executive officer owned 9,517,039 shares of the company's stock, valued at $317,488,421.04. This represents a 1.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 275,000 shares of company stock worth $8,427,500. Insiders own 30.10% of the company's stock.

Institutional Investors Weigh In On Cadre

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CDRE. BlackRock Inc. bought a new stake in shares of Cadre during the second quarter valued at approximately $83,730,000. California State Teachers Retirement System lifted its holdings in shares of Cadre by 3,490.6% in the 2nd quarter. California State Teachers Retirement System now owns 1,026,702 shares of the company's stock worth $29,271,000 after acquiring an additional 998,108 shares during the last quarter. Bank of America Corp DE purchased a new position in Cadre during the 2nd quarter valued at $18,984,000. Jane Street Group LLC bought a new position in Cadre in the 4th quarter worth about $22,875,000. Finally, Reinhart Partners LLC. raised its holdings in shares of Cadre by 22.4% in the 2nd quarter. Reinhart Partners LLC. now owns 2,738,373 shares of the company's stock valued at $78,071,000 after purchasing an additional 500,476 shares in the last quarter. Institutional investors own 43.95% of the company's stock.

Cadre Stock Performance

Shares of Cadre stock opened at $30.81 on Monday. The company has a quick ratio of 1.35, a current ratio of 2.14 and a debt-to-equity ratio of 1.02. The business has a 50 day moving average price of $30.80 and a 200-day moving average price of $32.60. Cadre has a 52 week low of $25.73 and a 52 week high of $48.76. The company has a market cap of $1.32 billion, a PE ratio of 36.25, a price-to-earnings-growth ratio of 1.03 and a beta of 1.32.

Cadre (NYSE:CDRE - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.04. Cadre had a return on equity of 12.02% and a net margin of 5.26%.The firm had revenue of $207.13 million for the quarter, compared to the consensus estimate of $178.29 million. Equities analysts anticipate that Cadre will post 1.33 earnings per share for the current fiscal year.

Cadre Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, July 31st. Cadre's payout ratio is 47.06%.

About Cadre

Cadre NYSE: CDRE is a technology‐driven real estate investment platform that offers accredited and institutional investors direct access to institutional‐grade commercial properties. Established in 2014, Cadre leverages a data-centric approach to identify, underwrite and manage investments in multifamily, office, retail and industrial assets across major U.S. markets. The firm's platform is designed to streamline the investment process, from deal sourcing and due diligence to ongoing asset management and reporting.

Through its online marketplace, Cadre provides a curated selection of equity and preferred equity offerings, allowing investors to participate in individual properties or diversify across a managed portfolio.

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